saddled with that. >> subsidies are bad and they will raise the cost of tuition and hurt the economy in the future. to pay tax increases are come more debt issue to pay for these compts that. is not why these kids can't get jobs today. the economy is terrible. it shrank. it is it growing the normal four or five percent and many of the graduates would have jobbings. >> and rich, the fact is, we are subsidizing. we are subsidizing the college degrees that often don't amount to good jobs. >> yeah, it is it unfortunate. we reached the point where technology changed the whole game in a way we are beginning to realize. on line universities and couple of them started by two stanford professors and world class education for free or near free . what are employers looking for? intelligence and drive and discipline . it used to be a college degree stood for those things and now they have faster and better ways to determine whether they want to hire someone. >> john, billions of dollars in government stub sidies for college education are worthless? >> they are worthless and i am not going to def
